Global Composite Pipes Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

14mm, 26mm, 63mm, and Others.

By Manufacturing Process;

Filament wound and Rotary Casting.

By Application;

Food Processing, Chemical Processing, Petrol/Diesel/Kerosene, Air Conditioning, Natural Gas Distribution, Insecticides Spraying, Submersible piping, Radiator Central Heating, Vacuum Systems, and Others.

By Industry Vertical;

Oil & Gas Industry, Construction Industry, Agriculture Industry, Food & Beverages, Chemical Industry, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn125410414 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Composite Pipes Market (USD Million), 2021 - 2031

In the year 2024, the Global Composite Pipes Market was valued at USD 2,555.41 million. The size of this market is expected to increase to USD 3,791.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The Global Composite Pipes Market is witnessing significant growth due to the increasing demand for lightweight, durable, and corrosion-resistant piping solutions across various industries. Composite pipes, made from a combination of materials such as polymers, fibers, and resins, offer superior performance characteristics compared to traditional metal or plastic pipes. They are extensively used in applications including oil and gas, water treatment, chemical processing, and construction due to their high strength, flexibility, and resistance to chemical and environmental degradation. The market is also driven by the growing focus on sustainability and the need for efficient infrastructure solutions in both developed and emerging economies.

Technological advancements in composite materials and manufacturing processes are further propelling the market growth. Innovations such as advanced filament winding, automated production techniques, and the development of new composite materials are enhancing the performance and cost-effectiveness of composite pipes. Additionally, the increasing investments in infrastructure development, particularly in regions like Asia-Pacific and the Middle East, are creating significant opportunities for market expansion. As industries continue to prioritize efficiency, durability, and environmental impact, the adoption of composite pipes is expected to rise, driving the overall market growth.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Manufacturing Process
    3. Market Snapshot, By Region
  4. Global Composite Pipes Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Industrial Applications
        2. Lightweight and Durable
        3. Corrosion Resistance Benefits
        4. Infrastructure Development Boost
      2. Restraints
        1. High Initial Costs
        2. Technical Skill Requirements
        3. Limited Awareness Globally
        4. Raw Material Price Volatility
      3. Opportunities
        1. Emerging Markets Expansion
        2. Technological Advancements Innovations
        3. Green Building Initiatives
        4. Customized Composite Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Composite Pipes Market, By Type, 2021 - 2031 (USD Million)
      1. 14mm
      2. 26mm
      3. 63mm
      4. Others
    2. Global Composite Pipes Market, By Manufacturing Process, 2021 - 2031 (USD Million)
      1. Filament wound
      2. Rotary Casting
    3. Global Composite Pipes Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Liao Ning Huayi Chemical
      2. Hebei Smart Chemicals Company (HSCC)
      3. Tengzhou Tenglong Chemical
      4. Fushimi Pharmaceutical
      5. San Fu
      6. Remi Fine
      7. Navyug Pharmachem
  7. Analyst Views
  8. Future Outlook of the Market